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Goldman Sachs Invests In Gitlab, Extending Its Funding Round

by businessinsider.com posted 3months ago 33 views
Goldman Sachs has invested $20 million into the development and operations platform GitLab, adding to a Series D funding round that valued the startup at $1.1 billion. While Goldman has been making strategic tech investments for about two decades, GitLab was unique because the investment was driven by the bank's own engineering team. Goldman's tech team started using GitLab on its projects at the beginning of 2018. GitLab is seen as a leading upstart rival to GitHub, the code-sharing company that Microsoft bought for $7.5 billion this year.

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